SUBSCRIBER NOTE: Platts to change basis of FOB Rotterdam steel scrap

Platts proposes to change the basis of its FOB Rotterdam steel scrap assessment from heavy melting scrap I/II (80:20) to HMS I/II 75:25, to better reflect physical trade out of European ports. The assessment would continue to be in $/mt with a four- to six-week lead time, payment on sight. Pricing information from other locations, including CIF, can be normalized back where appropriate. The assessment would appear in Steel Markets Daily and Platts Metals Alert. Please email feedback or comments by November 4 to Colin Richardson, colin.richardson@platts.com, with a cc to pricegroup@platts.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.